HomeMy WebLinkAbout0858 ~T.-17,1.5°
~ ;5~~ ~ 958~75 '
STATE OF fIORiDA ~
This form is used in connection
FHA FORM NO 2110 m with mort~a~es insured under the
Revised May 1971 one- to tour•tamily p~ovisions of
the National Housing Act.
MORTGAGE
Tu~c ~un_RT[:A[:F datcd the 2St day of March , A. D. !9 72 , by and
~~WK~ JACK :i. ~,WERSO:I and A:~::IE :SdE AI~'DERS02~`, His ~+'ife , -
hereiaafter called the mon6agor, and
STOCKT0:1, WIIATI.~'Y, DAVI?; & GOt~A~,'Y
. a corporation organizod and eXiuing under the laws of
Stt1tC of Florida . hereinafter called tAe mortgag~e,
WITNESSETH, that for divers good and valusble considerations. and also in consideration of the aggregate sum namod in the
promissory note hereiaafter described, the said mortgagor does hereby Ban~ bary~ain, sell. alien. remise. rdase. convcy. and oonfirm unto
the said m~ngagee all that cenain piece, parcel, or t~act of land of which the said mortgagor is now seiud and possessed and in actual
possession, situate in the county of
St . Lueie and Slate of Florids, describod as follows:
Lot 162, Sheraton Plaza, Lnit Thrce, Rep1aC,
according to the Plat thereof as recorded in
~Iac Boo~ Ia, pa~~ ~!:c o:a~, ~~~?e~~~~s
of St, Lucie County, Florida.
T.o~ether kith tl.e follocrino ite~s of pro~erty c~~:iet: are Zocated ~r. and
permanently installed as a part of tt~.e improvecieats on said lan3:
P.i.:IGE: COLL'~•~US, ::O~II. 34G, S£RIAL ;:LT:~ER 42046
°.Ai:CE :iOL`D: I~SZE'~•~I CAREY, ?fODEL 3730
SP~CE :~Ai"~4: FORS3T:E, '.:0'Jy'L ~65F
?'hc c;{press c~uracration of tt~c fore~~i::~ itens si.~ll not be deemed tu lic:iit
or restrict tt-.c applicability of an}~ other Iangua~e describing in bc:neral
ter:~s ott?er propercy ir.te~uc~i to ~e covere3 liereby. ~ p
~ I°~' qI 1~Y1tE11i OF TIO~
DI~ ON QASS ~C' INTN161l1E PfRSflNi1L PROPER(Y.
~lJRSiMNT TO CHAP?EA 71•131„ JIC'IS OF 1lIJl.
ROGER PORRAS r
~l~
qEl~ qRqltT OOURT, ST. WqE OQ, FUl
.~+tu:.C JJGti:,;~:~t~.i j:.l:~iJpS i~F:~iaC:l tU .`.~il Oi ivi:tQ ::i:, i.C c7: C~+ C3IICCIlCCI.
Togeiher with al! structures and improvements now and hereafter on said land, and fixtures attached thereto, and all rents, issues.
proceeds. and profits accruing and to accrue from said premises, all of which are includal within the foregoing description and the
habendum thereof; also all gas, steam, electric, water, at?d other heating, cooking, refrigerating. lighting, plumbing, venlilating. irrigating,
and power systems, rr~achines, appliances, fixtures, and appurtenances, which now are or snay hereaRer ptrtain to, o~ be used with, in, or
on said premises, even though they be detached or detachable. _
TO HAVE AND TO NOLD the same, together with all and singular the tenemenls, hertditaments and appurtenances thereunto
belonging or in anywise appenaining, and the reversion and reversions, remainder or remainders, rents. issues, and profits thereof, and
also all the estate, right, title, interat, homestead, dower and right of dower, separate estate, poasession, claim and demand whatsoever, as
well in law as in equity, of the said mortgagor in and to tho same, and every part thereaf, with the appurtenances of the said mortgagor in
~i arnl to the same, and every pan and parcel thereof unto the said mortgagee in fee simple. ,
And the tnortgagor hereby convenants with the morigagee that he is indefeasibly seized of said land in fee simple; that he has full
power and lawful right to convey tho same in fee simple as aforesaid; that it shal! be Iawful for the mortgagee~ at all times peaceabiy and
; quietly lo enter upon, hold, occupy, ared enjoy said land, and every part thereof; that the land is and will remain free from all
~ encumbrances: that said morigagor will make such (ariher assurances to prove the fte simple title to said land in said mortgagee as may be
~ reasonably requireJ, and that said mortgagor does hcreby fully w•arrant the title to said land, and every part thereof, and will defend the
! same against the lawful claims of all persons whomsoever.
~ PROV IDED ALWAYS, and these presents are executed and delivered upon the folbwing conclitions, to w•it:
.
f The mortgagor agees to pay the mortgagee. or order. the principal sum of ~ iX1'r..: ~:'~'.'S~i::~ :~•iG ....:~'3:
k Dollars (S i G,? j~ as evidenced by a note of even date herewith, with interest from date at the
rate of sever. par centum ( ; per an~um on the onpaed balance
until paid. The said principal and intcrest shalt be payable at the offic~ of StOCi:t0~1, :,TE'.ui~a:y', ~avin :a Cot:;pa:1j' ~
1^~ :'es~ ~a; Str~et, Jac':sozv? ~ic, Flor:.aa.
or at such other place as the holder of the note may designate in writing, in monthly installments of 0:::, i~~ :;~ZT'~ $L'~ :
DollarslS 1G7.3° ).commen~ingon
the first day of ;t,~-„~ , 19 and on the first day of each month thereafter until the principal
i and interest are fully paid. except that the final payment of principal and interest. if not sooner paid, shall be due and payable on the first
~ day uf Apz~ 1. ~ 270? •
And shall duly, promptly, and fully perform, dixharge, execute. ef~cet, complete. and comply with and abide by uch and every
; the stipulations, agreements, conditions, and covenants of said promissory note and of this mortgage, then this mortgage and the cstate
j hereby created shall cease and be null and void.
~ AnJ the mortgagor furiher covenants a+ follows:
j I. That he witl pay the indebtodness, as hereinbefore provided. Privilege is reservod to pay the deM in whole, or in an amount equal
` to one or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: I'rovided.
~ however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment; and, Provided
further, that in the event the debt is paid in ful! prior to malurity and at that time it is inwred under the provisioiu of tho National
Housing Act, he will pay to the mortgagee an adjusted premium charge of one per centum (19fc ) of the original principal amount thereof, i
except that in no event shall the adjusted premium eaceed the aggregate amount of premium charges which would have been payable if the
mortgaae had continuod to be insured unti! maturity; such payment to be applied by the mortgagee upon its obli~ation to the Socretary of
Housing and Urban Devebpment on account of mort6age insurance. ~gitg= I~8V18
p ~ p p TH16 INiTRUM[NT ?Rl~AREDCORP. ~ f~•
P:OOK ~0... P.~~;i ~750 2 esrns o
s+r. T~ r~uecc. rLO+ua?
1